White Oak State Bank in White Oak, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

White Oak State Bank - Overview

  • General
  • FDIC Certificate #: 20707
    Status: Active
    Federal Reserve ID: 558462
    Bank Holding Company (Regulatory Top Holder): First White Oak Bancshares, Inc. (RSSDID: 1133419, Location: White Oak, TX)
    Date Established: June 05, 1972
    WWW: http://www.whiteoakstatebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 14299
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: June 05, 1972
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1101 South White Oak Road, White Oak, TX 75693
    County: Gregg
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Dallas
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Longview-Marshall, TX (#4420)
    Combined Statistical Area (CSA): Longview-Marshall, TX (#346)
    Core Based Statistical Area (CBSA): Longview, TX (#30980)
    CBSA Metro Statistical Area: Longview, TX (#30980)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $104.7 mil
    Equity capital: $5.4 mil
    Deposits held in domestic offices: $92.2 mil
    Return on assets (ROA): 0.87% ($0.9 mil)
    Quarterly return on assets: 0.53% ($0.6 mil)
    Return on Equity (ROE): 14.05% ($0.7 mil)
    Quarterly return on equity: 8.79% ($0.4 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.38% ($1,445.4 mil)
    Quarterly Pretax return on assets: 0.92% ($963.6 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 26Total employees (full-time equivalent)
  • $104,737Total assets
  • $41,981Cash and due from depository institutions
  • $37,349Interest-bearing balances
  • $0Securities
  • $495Federal funds sold & reverse repurchase agreements
  • $60,113Net loans & leases
  • $484Loan loss allowance
  • $0Trading account assets
  • $1,279Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $104,737Life insurance assets
  • $869All other assets
  • $99,323Total liabilities and capital
  • $92,200Total liabilities
  • $39,556Total deposits
  • $92,200Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,879Trading liabilities
  • $0Other borrowed funds
  • $244Subordinated debt
  • $5,414All other liabilities
  • $5,414Total equity capital
  • $5,414Total bank equity capital
  • $0Perpetual preferred stock
  • $750Common stock
  • $2,445Surplus
  • $2,219Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $111Income earned, not collected on loans
  • $0Earning assets
  • $298Long-term assets (5+ years)
  • $97,957Average Assets, year-to-date
  • $32,382Average Assets, quarterly
  • $87,353Volatile liabilities
  • $92,866Insider loans
  • $54,171FHLB advances
  • $84,612Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,414Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,607Restructured Loans and leases
  • $1,102Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,128Total interest income
  • $666Total interest expense
  • $3,462Net interest income
  • $0Provision for loan and lease losses
  • $513Total noninterest income
  • $0Fiduciary activities
  • $338Service charges on deposit accounts
  • $0Trading account gains & fees
  • $175Additional noninterest income
  • $2,772Total noninterest expense
  • $1,394Salaries and employee benefits
  • $640Premises and equipment expense
  • $738Additional noninterest expense
  • $1,203Pre-tax net operating income
  • $0Securities gains (losses)
  • $439Applicable income taxes
  • $764Income before extraordinary items
  • $0Extraordinary gains - net
  • $764Net income attributable to bank
  • $0Net charge-offs
  • $764Cash dividends
  • $14Sale, conversion, retirement of capital stock, net
  • $554Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.11%Yield on earning assets
  • 0.83%Cost of funding earning assets
  • 4.29%Net interest margin
  • 0.64%Noninterest income to earning assets
  • 3.43%Noninterest expense to earning assets
  • 0.87%Net operating income to assets
  • 0.87%Return on assets (ROA)
  • 1.38%Pretax return on assets
  • 14.05%Return on equity (ROE)
  • 3.86%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 85.93%Efficiency ratio
  • 69,736Assets per employee
  • 4.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 72.51%Loss allowance to loans
  • 0.80%Loss allowance to noncurrent loans
  • 436.04%Noncurrent assets plus other real estate owned to assets
  • 0.11%Noncurrent loans to loans
  • 0.18%Net loans and leases to deposits
  • 65.20%Net loans and leases to core deposits
  • 71.28%Equity capital to assets
  • 5.17%Core capital (leverage) ratio
  • 6.40%Tier 1 risk-based capital ratio
  • 9.99%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $87,353Average earning assets
  • $5,439Average equity
  • $80,710Average loans

List of branches

  • 2 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    014299White Oak State Bank1101 South White Oak Road, White Oak, TX 75693June 05, 1972Full Service Brick and Mortar
    1251582Longview Branch800 Gilmer Road, Longview, TX 75604October 02, 1995Full Service Brick and Mortar

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